Stratos Wealth Partners LTD. Increases Stake in Entergy Co. (NYSE:ETR)


Stratos Wealth Partners LTD. raised its holdings in shares of Entergy Co. (NYSE:ETR – Get Rating) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,009 shares of the utilities provider’s stock after buying an additional 176 shares during the period. Stratos Wealth Partners LTD.’s holdings in Entergy were worth $468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CNB Bank purchased a new stake in Entergy during the first quarter valued at approximately $27,000. Sandy Cove Advisors LLC purchased a new stake in shares of Entergy in the fourth quarter worth $29,000. Riverview Trust Co purchased a new stake in shares of Entergy in the first quarter worth $32,000. Missouri Trust & Investment Co purchased a new stake in shares of Entergy in the fourth quarter worth $33,000. Finally, Denali Advisors LLC increased its stake in shares of Entergy by 50.0% in the fourth quarter. Denali Advisors LLC now owns 300 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. 88.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ETR. Baader Bank set at $188.00 price objective on shares of Entergy in a research note on Wednesday, May 18th. The Goldman Sachs Group set a $224.00 price objective on shares of Entergy in a research note on Monday, May 16th. Barclays set at $42.00 price objective on shares of Entergy in a research note on Monday, May 16th. Hauck Aufhäuser In… set at $28.00 price objective on shares of Entergy in a research note on Wednesday, May 18th. Finally, Warburg Research set the $177.00 target price on shares of Entergy in a research report on Monday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.93.

Entergy Price Performance

ETR stock opened at $110.12 on Friday. Entergy Co. has a 52 week low of $98.50 and a 52 week high of $126.82. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $113.91 and a two-hundred day simple moving average of $113.31. The firm has a market capitalization of $22.40 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.57 and a beta of 0.60.

Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). Entergy had a net margin of 8.99% and a return on equity of 10.44%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business earned $1.47 EPS. Analysts that anticipate Entergy Co. will post 6.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Entergy

In other news, SVP Peter S. Norgeot, Jr. sold 4,068 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $125.62, for a total value of $511,022.16. Following the completion of the sale, the senior vice president now owns 25,355 shares in the company, valued at approximately $3,185,095.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Peter S. Norgeot, Jr. sold 4,068 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $125.62, for a total value of $511,022.16. Following the completion of the sale, the senior vice president now owns 25,355 shares in the company, valued at approximately $3,185,095.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deanna D. Rodriguez sold 256 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the sale, the insider now owns 3,108 shares of the company’s stock, valued at approximately $373,643.76. The disclosure for this sale can be found here. Insiders sold 10,824 shares of company stock worth $1,327,908 over the last 90 days. 0.37% of the stock is owned by insiders.

About Entergy

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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



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